B.TECH Revenue, Valuation, Funding & Investors

B.TECH is valued at $1.3B as of October 2022, a 5.9x multiple on its last reported $220M revenue.

Last B.TECH valuation

$1.3B

Secondary · Oct 2022

Last B.TECH funding round

$34M

Undisclosed stage · Jul 2016

B.TECH revenue

$220M

Secondary · Oct 2022

Key investors in B.TECH

  • Development Partners International
  • Saudi Egyptian Investment Company

B.TECH Overview

About B.TECH

B.TECH is a Cairo-based retailer of household appliances and consumer electronics with over 50 stores across Egypt. It sells brands like Samsung, LG, Whirlpool, and Sharp, offering refrigerators, TVs, washing machines, and air conditioners with financing options. Founded in 2016, B.TECH holds a leading market share in Egypt's retail sector.


Founded

1997

HQ

EgyptCairo

Website

btech.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$220M (Oct 2022)

Valuation

$1.3B (Oct 2022)

B.TECH Valuation

B.TECH is currently valued at $1.3B, based on its secondary sale in October 2022.

The $150M round was led by Saudi Egyptian Investment Company.

B.TECH valuation by funding round

B.TECH valuation by funding round
DateStageValuationRevenue Multiple
Oct 2022Secondary$1.3B5.9x

B.TECH Revenue

B.TECH's latest recorded revenue is $220M, as of its secondary sale in October 2022. At a $1.3B valuation, that implies a 5.9x revenue multiple.

B.TECH revenue by funding round

B.TECH revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2022$220M$1.3B5.9xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

B.TECH Funding History

B.TECH has raised a total of $34M across 1 funding round, plus 1 secondary share sale.

B.TECH funding rounds

B.TECH funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2022SecondarySaudi Egyptian Investment Company (lead)$150M$1.3BB.TECH is an Egyptian omnichannel retailer and consumer finance platform founded in 1997, specializing in trading and distributing home appliances and electronics. It operates over 135 stores, employs more than 5,000 people, and provides financing solutions like MiniCash. The Saudi Egyptian Investment Company (SEIC), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), acquired a 34% minority stake from African Development Partners II (advised by Development Partners International) for $150 million in October 2022. This valued the stake at approximately $441 million on a fully diluted basis. Previously, DPI acquired a 33.3-34% stake in B.TECH in July 2016 for $35 million, achieving a four-time return on investment after about five years. B.TECH expected revenues of EGP 11 billion in 2022, up 30% from the prior year, with plans to reach EGP 15 billion in 2023, expand to 153 branches by end-2022, and grow its home appliances market share to 8% in Egypt by year-end and 16% by 2025. The company aims to accelerate digitalization, scale operations, invest in talent, and expand regionally within three years. Transaction advisors included Arqaam Capital and EFG Hermes for M&A, PwC for financial advice, and legal teams from White & Case, Akin Gump, Matouk Bassiouny & Hennawy, and Zulficar & Partners.
Jul 2016Undisclosed stageDevelopment Partners International (lead)$34M-B.TECH is the largest integrated omnichannel retailing and consumer finance platform in Egypt, founded in 1997, selling consumer electronics and household appliances. The company operates a digitally-enabled consumer finance service called MiniCash alongside its core retail operations. Development Partners International (DPI) invested in B.TECH in July 2016 through its African Development Partners II fund, acquiring a 33.3-33.4% stake. The original deal value was stated as $33.9 million or $35 million depending on the source. DPI's investment was made in partnership with CEO and founder Dr. Khattab to support the company's digital transformation and expansion strategy. During DPI's investment period from 2016 until their exit in October 2022, B.TECH achieved significant growth, with sales increasing by 5x and profits increasing by 10x. The company doubled its store footprint and rapidly expanded its eCommerce business while enhancing digital capabilities. In October 2022, DPI exited its stake to the Saudi Egyptian Investment Company (SEIC), a subsidiary of Saudi Arabia's Public Investment Fund (PIF), for $150 million, representing a four-time return on investment over approximately six years.

Who has invested in B.TECH?

2 investors have backed B.TECH across its funding rounds, including Development Partners International and Saudi Egyptian Investment Company.

Lead investors include Saudi Egyptian Investment Company and Development Partners International.


B.TECH Investors

Investors in B.TECH by funding rounds participated
InvestorHQRoundsRoleFirst check

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B.TECH Competitors

B.TECH competitors include listed companies like Ceconomy, Edifier and Premier Investments, and private ones like KSP, Nothing and New Leshi Smart Home.

Public and private companies comparable to B.TECH
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CeconomyGermanyGermanyPublicly listed$27B$1B$2.2B0.1x
KSPIsraelTel AvivPrivate$38M-$621M16.3x
NothingUnited KingdomUnited KingdomPrivate--$1.3B-
EdifierChinaChinaPublicly listed$417M$84M$1.3B2.3x
New Leshi Smart HomeChinaBeijingPrivate--$1.3B-
Premier InvestmentsAustraliaAustraliaPublicly listed$582M$204M$1.3B2.1x

B.TECH Public Comps

B.TECH is still privately-owned, but its public comps include Edifier, Premier Investments, Daya Intiguna Yasa, Daiichikosho, National Vision, Fiskars, Telling Telecommunication, Pets at Home, Fenda Technology and United Electronics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Edifier$417M$84M2.4x2.3x11.8x10.5x
Premier Investments$582M$204M2.1x2.1x5.9x7.0x
Daya Intiguna Yasa$447M$146M3.1x2.7x9.6x9.0x
Daiichikosho$1B$268M1.3x1.3x5.1x6.0x
National Vision$2B$159M1.0x1.0x12.6x9.4x
Fiskars$1.3B$142M1.4x1.4x13.1x9.5x
Telling Telecommunication$14B$86M0.2x-33.1x-
Pets at Home$2B$275M0.9x0.9x6.2x5.9x

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Common questions about B.TECH

When was B.TECH founded?B.TECH was founded in 1997.
Where is B.TECH headquartered?B.TECH is headquartered in Cairo, Egypt.
Is B.TECH publicly listed?No, B.TECH is a private, VC-backed company.
What is B.TECH's valuation?B.TECH was last valued at $1.3B in its secondary sale in October 2022.
How much funding has B.TECH raised?B.TECH has raised $34M across 1 funding round.
What was B.TECH's last funding round?B.TECH's last funding round was a $34M undisclosed-stage round in July 2016, led by Development Partners International.
Who are B.TECH's investors?B.TECH's investors include Saudi Egyptian Investment Company and Development Partners International.
What is B.TECH's revenue?B.TECH's latest recorded revenue is $220M (October 2022).
What is B.TECH's revenue multiple?B.TECH's latest valuation implies a 5.9x revenue multiple ($1.3B valuation on $220M of revenue).
Which companies are comparable to B.TECH?Companies comparable to B.TECH include Ceconomy, KSP, Nothing, Edifier, New Leshi Smart Home and Premier Investments.

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